One of the most important parts of completing a renovation is having money available when you need it. We offer flexible renovation financing options with just that in mind, including loans, lines of credit, and our unique renovation mortgage.

Choosing the best financing option for your next project starts with a conversation with a lending specialist. 

Simply fill out our contact form, and we’ll be in touch to book an appointment.

Renovation financing made easy 

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What can we help you with?


Lines of Credit

Renovation Mortgages

Borrow a lump sum for your one-time renovation needs and choose from flexible terms and 
repayment options.

Rates starting at 8.20%*

A flexible option that allows you to access money as you need it. Pay interest only on what you use, with the ability to use again for future projects.

Rates starting at 8.20%*

Tap into your home’s equity or leverage the value of your home upon renovation completion. Offering our best renovation financing rates and flexible payment options.

5.70%* 5-year fixed

Explore your financing options

See our rates

Annual Percentage Rate. *Rates subject to change without notice. Conditions may apply. Current rates as of September 11, 2023.

Featuring our renovation mortgage

A renovation mortgage means flexibility, and the ability to accomplish your goals with a manageable debt level. Our lending specialists will help you customize your renovation mortgage to suit your project needs.

30-year maximum

Choose variable or fixed

Prepayment privileges

Spread out the cost of your renovation over the length of your mortgage

Make additional payments, up to 20% of the initial mortgage value per year, for fixed rate and variable closed mortgages

Lock in with a fixed rate, or choose between our variable rate options

Watch our renovation video to learn all about renovation financing, including the benefits of renovating, how to calculate home equity, and your financing options at SCU. 

Plus, you can also download a PDF of our renovation guidebook to follow along and take notes in as you watch. You can print this book or fill it out as a PDF.

Download the renovation guidebook

Considering a home renovation? Here's what you need to know.

See our rates

Get ready for your preapproval meeting

Your preapproval meeting is a great opportunity to ask us questions and explore your mortgage options. Here’s what we need you to bring.

Download our checklist